ARE CEO Moglia sold 10,000 shares at $102.26 on 2024-12-16; stock now -27.2% from 52-week high of $134.45.
Peter M Moglia, as Chief Executive Officer of Alexandria Real Estate Equities, Inc., sold 10,000 shares at $102.26, reducing his holdings from 238,727 to 228,727 shares. The sale occurred at a price that is now $5.33 above the current market price of $97.93, and the stock has declined significantly from its 52-week high of $134.45. Stock performance has been notably weak, down 19.9% over 90 days and 6.9% over the last 30 days. The company's fundamentals show strong quarterly results with revenue of $791.6M and net income of $167.9M alongside 11.5% annual revenue growth, yet the stock trades at a 57.61 P/E multiple, substantially above historical norms for REITs. This sale, representing a 4.2% reduction in his holdings, occurs amid significant price pressure despite solid operational performance.